# Rusal to acquire up to 50% stake in Pioneer Aluminium Industries

Rusal's subsidiary agreed to acquire up to 50% of Pioneer Aluminium Industries, which owns a 1.5 million tpy alumina refinery in Andhra Pradesh, India, for $244 million for an initial 26% stake.

- Type: Acquisition
- Announced: 2025-03-13
- Where: Andhra Pradesh, India
- Value: $244.0M
- Status: announced
- Capacity: 1.5 million tonnes per year
- Products: metallurgical-grade alumina
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [RUSAL](https://endata.com/companies/15292.md) (acquirer)
- [Pioneer Corp](https://endata.com/companies/49411.md) (partner)
- [Pioneer Aluminium Industries](https://endata.com/companies/83502.md) (target)
- [KCap Group](https://endata.com/companies/83519.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1262404.html), 2025-03-14: "目标公司为一间于印度注册成立的公司，拥有并经营位于印度安得拉邦的冶金级氧化铝精炼厂，额定年产能150万吨。"
- [longbridge.com](https://longbridge.com/news/231879399), 2025-03-14: "RUSAL plans to acquire shares of Pioneer Aluminium Industries Limited in phases through its wholly-owned subsidiary on March 13, 2025, aiming to acquire up to 50% of the equity."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.